Shorts are having a ball (although most are still underwater) and are in no hurry to cover until the selling stops. Where and when it stops, only the sellers know. Fear is a stronger motivator than greed. Lemmings do what lemmings do, rational reasoning notwithstanding. That's the way it is.
I have the will and ability to wait it out. The CAD numbers will speak for themselves, as will the dividend.
Don't like the selloff as it's much more fun to watch new 52-week highs, but I pay my bills with dividends, not the price of the stock.